Multiple Choice
Which of the following examples would illustrate a backward-sloping labor supply-curve?
A) An increase in a person's wages results in the person working fewer hours per week.
B) A decrease in a person's wages results in the person working more hours per week.
C) An increase in a person's wages results in the person working more hours per week.
D) Both a and b are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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